5181 North Tioga Way, Las Vegas, NV 89149, Las Vegas, 89149 - 5 bed, 3 bath
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5181 North Tioga Way
Las Vegas, NV 89149
ACTIVE
CONDITION: POOR
5Beds
3Baths
2,868Sq Ft
50,530Lot Size
Property Price
LIST PRICE$749,999
EST. MARKET VALUE
$772,923
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $749,999—positioned well below the $772,924 Fair Market Value by 2%. This valuation gap offers $22,925 in Instant Equity for buyers. Featuring a Fair Condition Rating (5/10), the home requires comprehensive interior modernization, yet the 1.16-acre lot and No HOA Restrictions provide immense value-add potential. This is a strategic acquisition ideal for Fix-and-Flip Investors or Contractors seeking a project with significant land utility.
Estimated Market Value
$772,923
Based on Realkey algorithm analyzing recent comparable sales in Las Vegas.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Originally built in 1935, this property is over 90 years old and shows significant signs of age. The interior features dated popcorn ceilings, worn carpeting, and basic finishes that likely haven't been updated in over 30 years. While the home is large and functional, it requires a comprehensive rehab of the kitchen, bathrooms, and major systems, with the listing's primary value focused on the 1.16-acre lot.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 50530, living area = 2868.
- Expansive Acreage
The property sits on a rare 1.16-acre lot, providing significant space for outdoor activities, privacy, and potential for equestrian or hobbyist use in a major metropolitan area.
- No HOA Restrictions
With zero association fees, homeowners enjoy greater financial flexibility and freedom from the restrictive covenants typically found in Las Vegas subdivisions.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2868, other record living area = 2328.
- Significant Property Age
Originally built in 1935, the home may require substantial updates to its core systems and infrastructure to meet modern building standards and energy efficiency.
- Potential Renovation Needs
Given the age and specific interior features like pot shelves, buyers may need to budget for cosmetic or structural modernizations to align the home with contemporary market expectations.
About 5181 North Tioga Way
Welcome to 5181 N Tioga Way, offering five bedrooms and three bathrooms across 2,868 square feet of living area. The interior spaces feature ceiling fan(s), drywall, pot shelves, and accessibility features that create a serene and inviting atmosphere. Outdoor activities are situated on a 1.16-acre lot, which translates to 50,529 square feet of space. The exterior features include back yard access, a shed, a workshop, and accessibility features that support a variety of hobbies and outdoor tasks. This Las Vegas property presents a unique opportunity to acquire a single-story home with extensive land. Contact today to schedule a private viewing.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1935
- Lot Size
- 50,530 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,868 | 1,961.945 |
| Lot Size | 50,530 | 6,098 |
| Price | $750.0K | $486.0K |
| Price per sq ft | $262 | $259 |
| Built year | 1935 | 2002 |
| HOA | $0 | $83 |
| Days on market | 21 | 62 |
Pricing History
Listed for Sale
Aug 19, 2026
$749,999
Initial Listing